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Decentralized storage has always been considered a technology closely related to blockchains, and there are indeed many synergies between these two innovations. That said, decentralized storage stalwarts like Filecoin (FIL) and Internet Computer (ICP) have not been faring as well as TMS Network (TMSN) lately. TMS Network (TMSN) has already raised more than $2.5 million in its first token presale, and it has plenty of room to grow in its second phase, all in all it already raised over $4.0 million.

The unique value proposition of TMS Network (TMSN) is that it offers a decentralized exchange (DEX) in a package that will feel comfortable and familiar for users of traditional, centralized exchanges (CEXs). The sign-up process is extremely simple, as there is no need to turn over a passport or drivers license. Instead, users simply connect their existing Ethereum (ETH) wallets to the decentralized application.

TMS Network (TMSN) can provide much more than just crypto asset trading, as the trading engine is built around derivatives. This means that TMS Network (TMSN) can effectively offer trading for any hypothetical asset that has a price ticker. Due to the non-custodial nature and ease of use associated with the DEX, the goal is for TMS Network (TMSN) to be the only application traders need to swap between their positions.

It should also be noted that TMS Network (TMSN) has special features for those new to the world of trading assets, such as an academy and trading lessons. Users are even able to track the trades of other users via a social trading feature to learn from the best on TMS Network (TMSN).

Filecoin (FIL) now supports its own smart contracts, which are self-executing agreements that run on the blockchain. Smart contracts can be used to create various applications and services on top of Filecoin (FIL), such as decentralized file sharing, content delivery networks, data marketplaces, and more.

Smart contracts on Filecoin (FIL) are written in a programming language called Clarity, designed to be secure, predictable, and verifiable. Clarity on Filecoin (FIL) supports formal verification, which means that smart contracts can be mathematically proven to be correct and bug-free.

To deploy a smart contract on Filecoin (FIL), developers need to have a Filecoin (FIL) account with enough FIL to pay for the deployment fee and the storage rent. Filecoin (FIL) smart contracts can be used to create various types of applications and services that leverage the decentralized and secure nature of the network, such as decentralized file sharing, content delivery networks, data marketplaces, and data backup and recovery.

The Internet Computer (ICP) network, a decentralized platform that aims to reinvent the Internet, has launched a new token called ckBTC that is pegged to bitcoin (BTC) on a 1:1 basis. ckBTC is a liquid and cost-efficient version of BTC that can be used for faster and cheaper transactions on the Internet Computer (ICP) network without compromising security or decentralization.

ckBTC is created and destroyed by smart contracts running on the Internet Computer (ICP) network, which are governed by a decentralized autonomous organization (DAO). By issuing ckBTC, the Internet Computer (ICP) network aims to bring layer-2 capabilities to Bitcoin, enabling faster and cheaper transactions for BTC holders while also opening up new possibilities for decentralized applications (dApps) that can leverage both Bitcoin and the Internet Computer (ICP)s features.

Its worth noting that both Filecoin (FIL) and Internet Computer (ICP) operate their own blockchain networks, while TMS Network (TMSN) simply builds upon the success of Ethereum. Filecoin (FIL) and Internet Computer (ICP) are taking quite a risk rolling their own crypto networks, so TMS Network (TMSN) seems like the more practical play for 2023.

Presale: https://presale.tmsnetwork.io

Whitepaper: https://tmsnetwork.io/whitepaper.pdf

Website: https://tmsnetwork.io

Telegram: https://t.me/tmsnetworkio

Discord: https://discord.gg/njA95e7au6

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Decentralized Storage Titans Filecoin (FIL) and Internet Computer ... - Cryptopolitan

The North Carolina Blockchain Initiative (NCBI) was launched in 2019 as a nonpartisan, all-volunteer task force under the supervision of the Office of the Lieutenant Governor of North Carolina to serve as a primary resource on the emerging digital asset and blockchain ecosystem.

Recognizing the increasing importance of financial technology and blockchain-based technologies, bitcoin, virtual assets, smart contracts, and stablecoins, the NCBI is announcing an expansion plan and new appointments for 2023- 24. The ongoing initiative will explore the broader implications for this evolving technology, gather information from private and public sources, pursue policy recommendations, and strengthen our states position as a leader in technological innovation and consumer protection.

North Carolina is already home to many notable blockchain and FinTech startups, and we need to do all we can to keep our state competitive, said Lieutenant Governor Robinson. We appreciate the incredible work this task force has done in researching this transformational technology, and we thank them for their continued service.

North Carolina is fortunate to have several national leaders on Capitol Hill focused on the crypto ecosystem, including Representative Patrick McHenry, Chairman of the U.S. House Financial Services Committee, and U.S. Senator Ted Budd, a leading voice on decentralized finance, said Dan Spuller, who serves as a Co-Chair to NCBI, and Senior Director of Industry Affairs for the Washington-based Blockchain Association. We are a state where hard work, innovation, and our ability to adapt has enabled North Carolina to compete globally on many levels.

North Carolina state policymakers have historically been favorable to blockchain technology, and were among the earliest pioneers of regulatory innovation for the blockchain industry with the passage of the North Carolina Money Transmitters Act of 2016, and bipartisan North Carolina Regulatory Sandbox Act of 2021, the latter of which passed both chambers unanimously and created a multi-agency innovation council.

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North Carolina Blockchain Initiative Announces New Appointments ... - NC.GOV (.gov)

Matter Labs, the team behind Ethereum layer 2 scaling solution zkSync, has confirmed that 921 Ether (ETH) worth $1.7 million is currently stuck in one of its new smart contracts, GemstoneIDO.

However, the firm claims the funds to be safe and to have found an elegant solution for rescuing the funds, which accumulated during the Gemholic token sale.

Initially stating that the funds wouldnt be stuck forever, Matter Labs said in its most recent tweet that it had found an elegant solution to unfreeze the GemstoneIDO contract and transfer the funds out.

Matter Labs identified the issue to have stemmed from the .transfer() function in the GemstoneIDO smart contract, which is part of a project run by the GemholicECO ecosystem.

Matter Labs said that the issue could have been prevented had they deployed the contract on a testnet first.

The faulty function came from zkSync Era, a new type of Ethereum Virtual Machine (EVM) zero knowledge proof rollup that executes smart contract much faster than on the base layer.

The team however stressed that zkSync Era is not EVM-equivalent, meaning that it is compatible with the EVM at a bytecode level. This means some functions work differently in the new environment.

This is a deliberate design choice with specific upsides and trade-offs, they said.

In justifying its design choice, Matter Labs said zkSync Era could process some transaction types between 10 to 1,000 times cheaper than other EVM rollups.

Nontheless, Matter Labs held themselves accountable for the mistake and assured members of the zkSync ecosystem that they'll continue resolve similar issues relentlessly.

Several members of the CryptoCurrency subreddit, however,expressed their frustration on the matter:

Im all in for seeing Zero Knowledge tech becoming more and more relevant in the crypto space. However, these chains also have to take into consideration the fact that peoples funds are at stake, said another.

Related: zkSync Era launches with Uniswap and Sushi First zkEVM on mainnet

Transaction failures of the GemstoneIDO contract can be seen on the zkSync explorer page, which also shows the 921 Ether is stored in its smart contract.

Matter Labs launched zkSync Era on mainnet last week, promising that decentralized exchanges Uniswap and SushiSwap would be live in a matter of days. That hasnt happened yet, however, projects including Argent, Celer Network and MetaMask are live on the network now.

Updated 1:37am UTC time on April 7: This article has been updated to add comments from Matter Labs most recent post on the incident.

Magazine: Ethereum is eating the world You only need one internet

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zkSync Eras elegant fix for 921 ETH stuck forever in smart contract - Cointelegraph

A bug introduced into SushiSwap four days ago was exploited late Saturday to drain about $3.3 million worth of Ethereum from a single user's account.

According to a Twitter post by blockchain security and data analytics company PeckShield, a wallet controlled by the victima prominent member of the Crypto Twitter community known as Sifuwas targeted by an "approve-related bug" in SushiSwap's RouterProcessor2 contract to steal about 1,800 ETH.

Separate analysis by Binance-backed cybersecurity firm Ancilia determined that the flaw was the failure to validate access permissions halfway through a swap transaction. The firm also found the vulnerable contract on the Polygon network.

SushiSwap "head chef" Jared Gray confirmed the bug and exploit about an hour later, and repeated Peckshield's recommendation that users who have interacted with the SushiSwap blockchain revoke all permissions granted to its contracts. Grey had broken the news of SushiSwap's SEC subpoena two weeks ago.

Early Sunday morning, SushiSwap CTO Matthew Lilley followed up with more details.

Were currently all hands on deck working through identifying all addresses that have been affected by the RouterProcessor2 exploit. Lilley wrote. "Several rescues have been initiated, and we are continuing to monitor / rescue funds as they become available."

"There is no risk at this time with using Sushi Protocol, and the UI," he continued. "All exposure to RouterProcessor2 has been removed from the front end, and all [liquidity providing and] current swap activity is safe to do."

To help users determine whether he or she had granted RouteProcessor2 access to its funds, Lilley posted a link to a tool to check for exposure across a variety of networks, including Ethereum, Polygon, Avalange, Arbitrum, Gnosis, Optimism, and others.

According to Grey, more than 300 ETH of Sifu's stolen funds have since been recovered, with another 700 ETH in process. The recovery effort has been tracked by crypto visualization service MetaSleuth.

Despite the hack, the price of SushiSwap's SUSHI token has dipped only slightly in the past 24 hours, down about 3%.

In 2021, SushiSwap narrowly avoided a massive hack when a "white hat" crypto researcher discovered a bidding bug that could have been exploited to the tune of $350 million.

Read more:

SushiSwap Smart Contract Bug Exploited in $3.3 Million Theft - Decrypt

In cryptocurrency circles, notable players always explore limitless possibilities, and the integration of AI is on the radar of Chainlink and Algorand. In realizing AI capabilities, they have identified the potential benefits of integrating AI solutions into their blockchains.

Avorak AI is quickly becoming the ultimate AI crypto solutions provider with its offering of simple-to-use but valuable trading tools. Avorak Trade, for example, requires minimal instructions to scan the market 24/7 and identify profitable trade opportunities. It offers an equal chance to novices and experienced traders.

In the wake of a record-breaking ICO, Avorak is already brewing a storm as it effortlessly achieves $750,000 in one month. Avorak is available at $0.180 in phase four. ICO investors have 7% on-top bonuses as they await more benefits, including the expected 350% price increase during its launch. Early investors can look forward to Avoraks listing on the Azbit exchange and access to priority staking pools.

Avorak Write simplifies bulk content generation and rectifies existing tools challenges. Users can direct the text generator to produce the content in their desired form or style.

Algorand (ALGO), the next-generation blockchain network, strives to solve challenges that plagued earlier blockchains. Scalability is one big challenge facing early blockchains. Algorands innovative PoS solution aims to rectify this problem through its high TPS while maintaining security and decentralization. Algorand deploys other features, such as smart contracts and 8creating and exchanging tokens on its blockchain. As a result of these features, many experts and analysts believe that Algorand has the potential for growth as ALGO price prediction projects a value of $54.90 by 2030. Algorands AI solution integration with Avorak AI creates an innovative blockchain project with impact and growth potential in the crypto space.

The Chainlink decentralized Oracle network connects smart contracts to real-world data and events. The Chainlink network consists of nodes run by independent operators (oracles) responsible for aggregating and verifying data. The native cryptocurrency of the Chainlink network is the LINK token that helps pay node operators for their services. It is also a ticket to additional features and services within the network.

Chainlinks current price is $7.22. If LINK reached $10,000, it would translate to 72,220 tokens at the current value. Chainlinks price to shoot up this high demands significant adoption and usage of the network. Chainlink will need state-of-the-art innovations that provide value to its users. Chainlink must also leverage market sentiment and deliver continuous blockchain technology advancements and breakthroughs. All these parameters may sound impossible, but as with any investment, its crucial to research and carry out due diligence.

Chainlink and Algorand have turned toward AI solutions8 to enhance their platforms. While Chainlink focuses on decentralized oracle networks that connect smart contracts to real-world data and events, Algorand aims to provide a secure, scalable, decentralized infrastructure for building dApps. The two projects recognize the potential of Avorak AI to improve their platforms capabilities and are investing in research and development to integrate AI solutions into their ecosystems.

By leveraging the power of AI, these projects can create more efficient, accurate, and secure decentralized systems that can benefit the crypto world.

Find more on Avorak AI here:

Website: https://avorak.aiBuy AVRK: https://invest.avorak.ai/register

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Chainlink and Algorand are two cryptos looking toward AI solutions | Bitcoinist.com - Bitcoinist